What Is Extra Help With Medicare Prescription Drug Costs
Anyone With Medicare Can Get Extra Help With Medicare Prescription Drug Coverage Some people with limited resources and income also are eligible for Extra Help to pay for the costs such as monthly premiums, annual deductibles, and prescription co-payments related to a Medicare prescription drug plan. The Extra Help is estimated to be worth an average of $3,900 per year. Many people qualify for these big savings and don’t even know it. To find out if you qualify, Social Security will need to know the value of your savings, investments, and Real Estate (other than your home), and your income. If you are married and living with your spouse, they will need information about both of you. To help Social Security determine if you are eligible for the Extra Help, you will need to file an Application for Extra Help with Medicare Prescription Drug Plan Costs (Form SSA-1020). Note: Beginning…
Continue reading...